Chapter24

2. at the beginning
3. he organized a group known as the Knights of labor in 1869.
4. he organized a group know as the American Federation of Labor.
6. relating to cities
8. production The use of interchangeable parts and assembly lines to make large quantities of identical goods.
9. a group of corporations that unite in order to reduce competition and control prices in a business or an industry
11. because of this man, by 1900, 25 million lightbulbs were glowing across the country.
12. a business that is owned by many investors
13. She organized the women in her factory as part of a national Board of United Cloth hat and Cap makers.
17. to give money to a company or bank, or to buy something, in order to make a profit later.
18. money earned by a business after subtracting its operation costs. It provides an incentive for individuals to take the risks that come with starting a business.
19. this businessman was successful in the oil business and introduced another form of business organization called a trust.

1. builders used light weight steel to construct these and they rose ten or more stories into the air.
5. relating to the country, as opposed to the city
6. the growth of cities
7. theory that economies work best when there is minimal involvement from government
10. cheap apartment buildings built to accommodate rising urban populations
14. a person who assembles and organizes the resources necessary to produce goods and services. Entrepreneurs are willing and able to take the risks involved in starting and managing a business.
15. a company that controls all production and sales of a particular product or service
16. oil refineries turned this product into fuel.